Alibaba shares soar nearly 15% after stellar earnings as China's e-commerce sector recovers

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  China's Alibaba sees revenue surge on back of artificial intelligence, e-commerce

  Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China
  
  ABC News - 1d

• Alibaba shares jump 14% after pledge to invest ‘aggressively’ in AI

  Chinese tech group says it will spend more on artificial intelligence in next three years than over past decade
  
  Financial Times - 14h

• Block shares plunge 18%, for worst day on market in 5 years after earnings miss

  Block had its worst day on the stock market since 2020 after the company reported an earnings miss.
  
  CNBC - 1h

• This stock sector can still soar during the late stages of the bull market — and there are easy ways to play it

  Also: Nvidia earnings on deck, potential stock splits and big gains, a look at gold, and the Moneyist pulls no punches.
  
  MarketWatch - 6h

• These are the factors weighing on Block’s stock after earnings

  Block expects accelerating growth as the year goes on, but investors may have wanted more from the company’s overall gross-profit outlook.
  
  MarketWatch - 21h
• 

  History of Yankees' no-beard policy: George Steinbrenner's facial hair rules changed after nearly 50 years

  Steinbrenner's son, Hal, announced a major change on Friday morning
  
  CBS Sports - 3h

• Cruise stocks tumble after Commerce Secretary Lutnick signals tax crackdown

  Royal Caribbean was the hardest hit.
  
  CNBC - 1d

• Shares of Hims & Hers tumble 26% after FDA says semaglutide is no longer in shortage

  Shares of Hims & Hers tumble 26% after FDA says semaglutide is no longer in shortage
  
  CNBC - 1h
• 

  Citibank Joins Private Sector Retreat From Diversity Initiatives

  In a politically charged business climate, the global banking giant joins peers in ending many diversity, equity, and inclusion efforts, from hiring to corporate governance.
  
  Inc. - 5h

More from CNBC

• Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon

  The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.
  
  CNBC - 2h

• Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist

  Bybit, a major cryptocurrency exchange, has been hit by the largest crypto heist in history.
  
  CNBC - 15m

• UnitedHealth's rough stretch continues, with buyouts, a reported DOJ probe and a 23% drop in three months

  It extends a tumultuous period for UnitedHealth marked by the killing of a top executive, a costly cyberattack against its subsidiary and high medical costs.
  
  CNBC - 1h

• Shares of Hims & Hers tumble 26% after FDA says semaglutide is no longer in shortage

  Shares of Hims & Hers tumble 26% after FDA says semaglutide is no longer in shortage
  
  CNBC - 1h

• Home sales drop sharply as prices hit an all-time high for January

  The median price of a home sold in January was $396,900, up 4.8% from the year before and the highest price ever for the month of January.
  
  CNBC - 6h

More in Business

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  US stocks post worst slide in two months on gloomy economic data

  Sentiment among businesses and consumers cools sharply as tariffs and inflation take a toll
  
  Financial Times - 11m
• 

  Ukraine to sign critical minerals deal ‘in the very short term’, US claims

  National security adviser Mike Waltz tells conference that ‘economic partnership’ will be ‘good’ for Kyiv
  
  Financial Times - 12m

• Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist

  Bybit, a major cryptocurrency exchange, has been hit by the largest crypto heist in history.
  
  CNBC - 15m
• 

  A.P. Sues Trump Officials Over White House Ban

  The wire service sued three of them for denying its reporters access to press events. The White House has objected to The A.P.’s references to the Gulf of Mexico in articles.
  
  The New York Times - 36m

• What are Trump’s USPS plans? He says the Postal Service is a ‘tremendous loser’ that should ‘operate a lot better.’

  President Donald Trump on Friday said his administration is working on an overhaul of the U.S. Postal Service and indicated that multiple options were under consideration.
  
  MarketWatch - 43m